Rupee weakens further against dollar

KARACHI: The Pakistani rupee weakened by Rs0.63 against the US dollar and closed at Rs299.64 in the interbank market on Wednesday  the State Bank of Pakistan said.

The Pakistani currency depreciated by -0.21 per cent against the US dollar.

Interbank closing #ExchangeRate for today https://t.co/CpkjrksqU7#SBPExchangeRate pic.twitter.com/1pHVzanqXs

— SBP (@StateBank_Pak) August 23, 2023

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Open Market:

Wednesday’s trading session opened with a further rise in the mighty currency.

The dollar gained a further 50 paisas in the interbank market, as per currency dealers. They added that the greenback was being traded for Rs299.50.